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Dats de bunny!
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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Don't they make condoms? 
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Now you understand my interest in it. 
Jeremy Falcon
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I know this has nothing to do with Forex, but I recently wrote a small app for my sister that draws the Ichimoku Cloud[^] with automated signals so she can trade options.
The difficult we do right away...
...the impossible takes slightly longer.
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I have been into writing FX robots for a few years now (part time along with work), although I did take a break from watching the markets for personal business last year.
I used to use the MQL4 (Meta Trader 4 Platform Language) but do not want to have to keep a computer running at home because in this part of the world (SE Asia) the electrical supply can be erratic and I may not know when I take a hit at home and my robots are not monitoring when to exit open trades.
My New Years resolution is to develop a service based architecture running on a hosting platform that I can set up to automatically trade using existing servers for which I have accounts.
All of my trading so far has been on practice accounts. I haven't yet been able to get a good return from a robot but am determined to continue until I do.
I seem to get into trades at the right time but need to work on trailing stop and exit strategy. I stop out a lot so I am looking at longer time frames with a larger stop loss to give the trade room to breathe.
Do you do any automated trading or use EAs?
Once you lose your pride the rest is easy.
I would agree with you but then we both would be wrong.
In the end, only three things matter: how much you loved, how gently you lived, and how gracefully you let go of things not meant for you. – Buddha
The report of my death was an exaggeration - Mark Twain
Simply Elegant Designs Jim<</div>
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JimmyRopes wrote: Do you do any automated trading or use EAs?
I don't automate it in the form of a robot, but I did write my own MT4 indicator to handle the basics of what I need to manage my assets. So far, I feel the best way to handle the market is to follow the psychology behind it. So, I still manually enter positions. Always will, but I do at least make it as easy as possible with my indy and app I'm working on. Just still want to click that "Go" button myself.
JimmyRopes wrote: I seem to get into trades at the right time but need to work on trailing stop and exit strategy. I stop out a lot so I am looking at longer time frames with a larger stop loss to give the trade room to breathe.
I could talk for hours on this, but yeah. At some point it becomes art. As a rule of thumb, as a default stop I use half a 7 period ATR, but I generally make sure my stop is places over and under the recent swings in the market so I don't get stopped out too much.
JimmyRopes wrote: All of my trading so far has been on practice accounts.
You totally gotta give live trading a go. You can open an account with just a couple hundred bucks. Just don't forget money management. If you want my MT4 indy to help with that I'll email it to you. But, it's a lot of a mind game. Nothing prepares you for winning and losing real money outside of jumping in the deep end and winning and losing real money. And it's best to learn the market with manual practice even if you did code a magical robot to do it. You need to understand what to really code ya know.
Jeremy Falcon
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Jeremy Falcon wrote: I still manually enter positions. Always will, but I do at least make it as easy as possible with my indy and app I'm working on. Just still want to click that "Go" button myself.
Yes, a lot of people want the final say before entering a trade. I am trying to eliminate human emotion from trading, but it is hard to have enough confidence in a system to just let it go do what it does without human intervention.
Jeremy Falcon wrote: as a default stop I use half a 7 period ATR, but I generally make sure my stop is places over and under the recent swings in the market so I don't get stopped out too much
At one point I was using half the 7 period ATR also but I didn't look for recent highs or lows in combination with it. I will have to look into that again once I get the system up on a hosting server.
How many periods should I track to be reasonably assured I am seeing the current support or resistance level?
Do you use Bollinger bands and/or Fibonacci retracement levels to determine support or resistance? I am currently trying out Bollinger bands. I like the way they are dynamic and not just a fixed number. Having said that because so many people use Fibs they seem to become self fulfilling support or resistance levels.
Jeremy Falcon wrote: You totally gotta give live trading a go.
Yes, I have been told that before. Most people say it is different emotionally than demo trading.
Since I am trying to totally eliminate human emotion I don't know if it will be different for me.
I do plan to go live once I get a system working well.
Jeremy Falcon wrote: If you want my MT4 indy to help with that I'll email it to you.
Yes I would like to see what you have done. I am always open to new ideas about tracking the markets. I am curious to see if you EMAs or SMAs. That is if you use MAs at all.
I usually use EMAs because they are weighted towards the more current action, but some folks like SMAs. Any insight you have about this would be appreciated.
Jeremy Falcon wrote: Nothing prepares you for winning and losing real money outside of jumping in the deep end and winning and losing real money.
I know what you are saying, but I don't feel confident with my current knowledge. There is still a lot of economics I need to learn before I can feel confident with real money.
Once you lose your pride the rest is easy.
I would agree with you but then we both would be wrong.
In the end, only three things matter: how much you loved, how gently you lived, and how gracefully you let go of things not meant for you. – Buddha
Simply Elegant Designs Jim<</xml>
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Nah. Aussie beer's for wusses.
I wanna be a eunuchs developer! Pass me a bread knife!
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Not enough margin for me.
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Having had to move my modest accumulated wealth from the UK to Canada as various investments mature, I can tell you that predicting exchange rates is like trying to predict a schizophrenic that's off their meds.
Life is like a s**t sandwich; the more bread you have, the less s**t you eat.
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You are correct sir. The goal is not to predict anything, but follow the market movements and take your profits and losses from that. The large interbanks controlling it all have their own agenda, our job is to simply follow it and collect.
Jeremy Falcon
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I did a few years working in FX before moving to options and futures markets. 100% Would not invest my own money in the FX market as I feel it lacks transparency and I have seen the way the big banks (ab)use it.
You can probably make a modest amount quite consistently and with little risk by arbing two futures on an index. You just need to be very fast.
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_Josh_ wrote: I feel it lacks transparency and I have seen the way the big banks (ab)use it.
Could you elaborate on this? I'm curious to know.
Jeremy Falcon
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Content blocked by your organization. 
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Slacker007 wrote: Content blocked by your organization
Now, that's seriously silly.
Few things tick me off more than censorship.
Try this link instead.
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Ah, better. I laughed at...nothing. 
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Jörgen Andersson wrote: Few things tick me off more than censorship.
+5.0000000001
Jeremy Falcon
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You *ssh**** ! I suffer from blancofobia, I would´ve thought CP members to be more curtious towards one another!
I´ll get my coat.
and run...
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Was the plain white one yours V?
Life is like a s**t sandwich; the more bread you have, the less s**t you eat.
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Now you've left me here wondering why they've tried and failed to blank out SSH. 
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Um, you're welcome, I guess!
The sh*t I complain about
It's like there ain't a cloud in the sky and it's raining out - Eminem
~! Firewall !~
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I'm sure all that black text is offensive to the whitespace supremicists.
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